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Search Results 0 to 29 of about 30 (some duplicates have been removed)
Jan 22, 2013 6:30pm PST
it was a miracle that he had survived. >> we will be back with more news including what the eu is calling it a milestone for europe. >> continuing our coverage rocketeers of friendship between france and germany, but turning away from politics. these pacts are not worth much without real ties. the cultural exchange was an important part of the treaty. >> there is a big french community in berlin. we found out what they think about the ties and the differences between the two countries. >> he came to berlin to do an internship. that was four years ago. the young journalists stayed on to document life in the german capital. his address book is a who's who of berlin. the contact come from his job editing a francophone listing guide, pocket berlin. he says it is great to be french in berlin. people are relaxed and approachable. quite simply, people are very direct. they find it easy to come up and chat. it's easy to talk to people, to make first contact with people here. >> he still spends a lot of time discussing life with his colleagues at the listing guide. most were attracted by the polis
Jan 28, 2013 4:00am EST
a poll in frons show those in the uk would prefer to leave the eu. we are waiting on the results from italy's latest debt auction. it will be two years of a zero coupon and five years of an italian linked paper. we'll get the results coming up in just a moment. here is a check of the european markets. we have seen them particular to the upside. now with the exception of spain trying to fight back into the green this morning, bolstered basically by the general risk on attitude. perhaps some of the credit flows, some of the equity fund flows boosting stock markets around the world. here is a look at who is leading the index this morning. onte paschi is on the top of the board, up 6.35%. today it's continued to snap back on hopes of.continued investor returnings. asml, elements which help make computer chips is up about 4%. it has been upgraded. it's viewed as a winner here in the mobile phone wars as more continue to shift to that market. sbm offshore, peugeot, tnt express towards top of the pack. at the bottom, it's a different story. down 3.5% o a downgrade, some other companies there
Jan 23, 2013 4:00am EST
david cameron promises to hold a referendum on the e.u. warning that a concession for the democratic leadership is wafer thin. >> if we don't address these challenges, the danger is that europe will fail and the british people will drift toward the exit. >>> google could light a fire under u.s. markets today as the giant's fourth quarter profits top forecasts on higher ad revenues. >>> and here in davos, bank ceos fight back against regulators in an exclusive cnbc debate, apologizing to scandals of the past but defiant it the role of the industry. >> i think there's so much misinformation out there that's used aggressively by people for their own purposes. we provide a service to you. we make a little money every time we do it. that's what happens. >>> and ceo confidence down for a third year in a row according to a survey here. despite markets hitting multiyear highs with lack of decisions in the u.s. weighing on sentiment. >>> okay, hello and welcome to the start of our coverage from the annual meeting of the world economic forum here in davos. day one of three come. kelly, i could
Jan 24, 2013 6:30pm PST
his criticism of eu integration at the world economic forum in davos. >> gender equality in the united states -- the pentagon lifts its ban on women in front line and combat roles. >> on the chopping block, germany's second-largest bank plans to fire up to 10% of its work force. the european union is at a crossroads, and the british prime minister, david cameron, says if the blockheads towards the centralized political union, then it is not for him and not for britain. >> german chancellor angela merkel has chosen her words very carefully, responding at the world economic forum in davos by voicing conditional optimism as far as europe's future goes. she says that patience is needed for structural reforms to take effect. >> she has also called for more regulation of the finance industry to avoid more turbulence, a point of contention with britain. both agree that competitiveness is the key, but how to go about that is the big question. >> david cameron brought his message with him to the swiss alps. in his address to the world leaders in doubles, he repeated his demands for big changes
Jan 23, 2013 6:00am EST
britain should leave the e.u. and what that would mean. that has a lot of people talking here about the implications for the u.k., for europe. whether -- we had this big discussion about new york versus london. what happens to the banking system. what happens to the financial? that is the u.k. that's become a big i issue. let's bring in a good friend, as i said, of "squawk." bob hormatz, you know him well. a new -- not a fancy new title, but you're the under secretary of state for economic growth, energy, and the environment. that changed a year ago? >> yes, we tried to pull these together. increasingly what happens in the economy has an impact on the environment. environmental issues and energy issues are increasingly intertwined. >> always big in davos. and david cameron, it has an impact on the global economy if this were to go forward. the chances of it going forward i think are small. he has to get re-elected in 2015 to propose the up or down vote in 2017. it does put a cloud over the u.k. and e.u. a bit. >> the u.s. view has been not to get involved in u.s. politics. the u.s.
Jan 21, 2013 4:00am EST
around the world. social democrats take control of the house and the eu is forced out of power in lower saxony. plus, optimism by the u.s. as republicans attempt to break the budget stalemate in congress. investors pulling back in japan as the boj begins its two-day meeting that's widely expected to back more easing and a new 2% inflation target. >>> and heavy snow bringing travel across northern europe. hundreds of flights canceled here in the uk. france and germany, too, with disruptions expected to continue for several days. >> yes. welcome to "worldwide exchange." ross westgate is away. he will be back later in the week from davos and along with plenty of other people and a lot of great guests. it's a three-hour program. the first three hours, i think the third you'll have to flip over to cnbc to catch. we will be heading out to washington as the capital prepares for the inauguration of president barack obama. but will he spend the next four years at the mercy of republicans? we'll explore that. plus, we'll assess if israel could be medicining for a right coalition as benjamin netan
Jan 28, 2013 12:00am EST
government's position on britain's role in the eu. he pledged to hold a referendum on britain's future in the eshoo if conservatives win the next election. he took questions from the british house of commons. this is 35 minutes. >> prime minister. >> question number one a, dilma, mr. speaker. -- thank you, mr. speaker. i am sure the whole house will wish to draw any in paying attribute to david robert shaw. he died and queen elizabeth hospital birmingham last wednesday as a result of wounds that he sustained in afghanistan. he gave his life for the safety of the british people, and his incredibly great contribution must never be forgotten. our profound condolences are with his loved ones. this morning, i had meetings with ministerial colleagues and others, and in addition to my duties in this house i shall have a further meetings today. >> i am sure the whole house and the whole country would want to associate themselves with the prime minister's comments about david robert shaw. on monday, the prime minister stated that the task for our generation was to struggle against terrorism. on
Jan 24, 2013 4:00am EST
early to say. i think the eu has taken action, the situation is much more stabilized, uncertainties have reduced. so i think we are on the right path for further growth. >> it's going to be a reasonably good year. if you exclude europe, i would say it's going to be a good year for the industry, but when you include europe, it's going to be exceptionally good. we are looking at the car market with the construction of 8%. we are protecting 3% of construction for 2013. i don't think in europe we are still in the recovery mode. except europe, growth everywhere. >> you see the different twist or europe in particular dpifg more stability. it's about combining different disabilities to reboost growth. >> all right. the final quote there coming back little by little, maria. >> yeah. a big diversified group of executives talking about the environment. joining us right now is the ceo of coca-cola, muhtar. it's great to see you. >> great to see you. >> what do you think? >> well, we continue to see opportunities everywhere in the world, the kind of opportunities are continuing to contract the code
Jan 25, 2013 4:00am EST
's going to do a referendum on whether or not to keep the uk in the eu. what would be the implications if the eu has left? >> i think we are still quite far from that happening. of course, this announcement of a referendum years from now is creating uncertainty and is not necessarily helpful in terms of stabilizing the economy, neither in the uk or in the european union. >> do you think changes need to be made in terms of policies to encourage the uk to stay? >> in fact, many of the elements or the policy agenda of david cameron are something which are very important and the commission is working for the confidence of european industry, a rather comprehensive free trade agenda as well as the competition of the single market. this beneath for restoration of the european industry and of returning to sustainable growth and better employment. but there is no need to leave the european union for the policy -- >> this morning, as you well know, the foreign affairs and trade, as well, there's quite a lot of support around europe for david cameron's thought process of what he wants to achieve
Jan 29, 2013 4:00am EST
in the motor race, though. we've had a big eu change on the agenda. >> yeah. >> we don't know how that's going to come out in the wash, do we? >> that changes things around. but in the short-term, it does mean that the markets are a little more volatile and it has been a sizable change. >> it's just unfortunate to some degree that these natural disasters which affect many people and are stressful events to live through then cause insurance premium toes rise, which sounds like that's what's happening in part of the u.s. >> it varies, but long-term insurers will look to make profit over a period of time. when they do happen, they have to look at have they been in line with all their expectations? >> and what's happening with capacity? it's dictated by capacity levels. >> yeah. pnc, capital comes in and out frequently been we are seeing money coming into the insurance sector. as capacity comes in, rates will go down. >> i want to talk about life, but first to cap off what happened with superstorm sandy, it took a while to get a sense of how costly that event was. what's emerging? >> i think most
FOX Business
Jan 23, 2013 11:00am EST
brown with your fox news minute. talk of britain leaving the european union. eu membership will be up to a referendum. voters should decide whether the uk should stay in the 27 member euro zone. the first priority is renegotiating the eu treaty. timothy geithner at last they will be friday. president obama has elected jack lew. much of the u.s. experiencing the coldest temperatures in two years. for death are blamed on the cold snap. the bitter conditions are expected to stay into the weekend. dagen, back to you. dagen: jamie dimon apologizing. also, stepping up and saying back off. there is more regulation needed. he said all of this at the world economic forum. we are president and chief investment officer. he is in rochester, new york. maybe the only place on the planet that is colder than where you are sitting right now. >> happy to be here. dagen: what do you say to jamie dimon? there was one hedge fund manager that went after him. he said back off. >> well, jamie is right about the capitalization. he has incredibly strong capital. a lot of the standards forced the banks to have
Jan 23, 2013 3:00pm EST
for the eu and a different debate in the u.s. they are not on the same page. what concerns me is that we operating in all of these jurisdictions as ubs will have to comply with different models in different jurisdictions so there's just no way at the moment that i'm seeing any more that what we started off as regulators to do, and that is creating a global level playing field for large complex global bank, that that's going to emerge at the end of the regulatory transition because by now, even though we started with the standards that are common, we're ending up with national solutions for separating retail banks from investment banks, and they are going to look different all over the jurisdictions. >> where are we in terms of that recovery in 2013? what would be your expectation for the broad economy for the banking sector in terms of growth this year? >> i think by and large the global economy is going to, you know, come back to growth quite sizebly. i came back from china and after bottoming out at 7% is turning up. they are opening up for international banks. so china will lead the g
Jan 25, 2013 3:00pm EST
the eu? david cameron said he is going to have a referendum on this. >> you know, from an economic perspective, we expect europe to be a strong region and a strong player in the global economy. from an economic perspective, you don't want uncertainty. so our dear hope is that as usual the europeans will have discussions, will have debate, will argue, will face obstacles and hurdles and come out of it stronger and that's very much my personal hope with the uk. >> so glad you're checking on the program. thank you so much. great to see you. christine lagarde. >> stick around because maria has much more coming from davos including interviews with microsoft founder bill gates and pay pal cofounder peter thiel with incredible things to say about twitter. all of it not exactly positive. that is an interview you do not want to miss coming up here on "closing bell." >> absolutely. okay. we've got more than a half hour to go before the closing bell at this stage the dow moving up by about 0.3%, 48 points there. but got lots more coming. >> meanwhile, don't look now but exxon mobil is reclaim
Jan 26, 2013 10:00am PST
and the economy. and we're here listening to some of the leaders of the eu and other entities here trying to understand how they're dealing with their problems. and i think coming out of all this will be a renewed sense that in america we can compete and we will compete and we will continue to be the destination for capital and innovation. >> and we've got a natural gas boom, an oil boom, we've got thanks to low interest rates what appears to be some sort of a housing boom. so much more can happen. in fact it seems like the only body, the only institution that might stand in the way of 2013 being a great year is congress. >> well, listen. there is certainly not the outcome that anybody wants. and i'm hoping that after we've been through the election of last november, been through a fiscal cliff debate, working our way through a debt ceiling debate, i think in a responsible manner, with an eye towards trying to fix some problems. >> when you look at the options out there, president obama's budget proposal and paul ryan's offer, they both don't do what guys like you say need to be done, bal
Jan 1, 2013 9:05am EST
and something about the world. did you see this poster from the e.u. showing all of the symbols of the euro? it showed a cross, star of david and so on and a hammer and sickle. there is a bit of an outcry from the lithuanians. and i ask why does it take the lithuanians, why aren't we in the west sympathetic enough to the persecuted under communism to object ourselves? white -- why would we leave it to them? i am relaxed about these symbols. we see a guy what they cccp with hammers and sickles and i once did a study on this on a simple magazine piece and some people say it's proof. it's kind of funny. you know, you don't see the pictures on t-shirts. it's just a t-shirt. as andrew daniels points out if we only took one good picture in this life he looks like a moon star and he got his cheekbones just right but it wasn't all that much, honestly. this is all regarding chambers, but he was a witness and a truth teller and it was really hard for him to forsake not popular approval but the approval of the people that mattered was colleagues and journalism and what we might call the liberal establ
Jan 24, 2013 9:00am PST
be talking about the e.u. or you could be talking about washington. we will flip a coin with cnbc's andrew ross sorkin when he joins us live from davos, switzerland. next on "now." [ male announcer ] there's a story behind the silver of philadelphia cream cheese. it always begins with fresh, local milk, blended with real wholesome cream. going fresh from the farm, to our fridge, in just six days. because we believe in fresh taste. that's the way we set the standard for intensely rich, luscious flavor. so our story of fresh taste always ends... deliciously. when it comes to taste, philadelphia sets the standard. >>> the white house announced today that the president will renominate richard kcordrake and tap mary joe white to lead the s.e.c. as the president tries to bring stability and reform to american financial dealings, republicans seem intent on keeping the country's economy as unstable as possible. the house averted the debt ceiling fight. at least some republicans. 33 members of the house gop still broke rank. by averting, we, of course, mean punting the ticking time bomb three month
Jan 22, 2013 4:00am EST
that they then find a solution presented to brussels and basically present the rest of the eurozone or the eu with a -- do you think this criticism is justified? >> certainly this is a point of criticism that's made outside of germany and france but that's made inside germany and france. some politicians frmt call for widening of the partnerships such as poll left-hand looking towards the east or spain or italy. even more so in the french population. there's a call of widening this partnership. as i've said, france and germany often do have contradictory policy positions. so other countries can really find themselves within these positions, i think. so at the end of the day, it's not so much i think a question of content, but rather a question of style. so what germany and france need to make sure is that they do show leadership, as i've said, to their political and economic weight, but they do find the balance between leadership and dominance because surely dominance is not what either of the two countries or any country in europe would want. >> lead but don't -- >> back to you. >> thank you
FOX Business
Jan 23, 2013 1:00pm EST
. if a conservative government is elected in 2015 cameron plans to renegotiate the u.k.'s relationship with the e.u. and allow, british citizens to vote whether or not to stay a part of it. the referendum many have feared. cameron facing criticism from british business leaders and other european leaders as he called for this renegotiation. also sparked concerns from here in the united states. the white house says britain's stronger for being a part of the e you. britain's exit could stifle the economy and trade ties throughout europe. many believe in the u.k. they're not getting anything out of it as they did with the common market. it will make life difficult if they're not a part of the european union because they have to pay more for trade. anyway. interesting to see if it went to vote. i think it would be close. tracy: yeah, right. ashley: that is if the conservatives win in 2015. tracy: you can't still vote. ashley: i can. tracy: how would you vote? ashley: i'm not saying. tracy: we'll find out. quarter after the hour. get down to nicole nicole petallides on the floor of the new york stock exc
Jan 25, 2013 7:00am PST
the thing that differentiates the u.s. from so many of the other countries especially in the eu we know how to fix our problem, and we're just at lagerheads as to which way to go. >> reporter: but the head of the international monetary fund christine lagarde said here "the u.s. has to confront this." if those decisions are postponed again -- >> well it will be pushing the can down the road again which was the reproach that we made against the europeans and i don't think that the u.s. should fall in that trap. >> reporter: and with the u.s. economy now showing renewed strength, the feeling here is that the u.s. could help pull up the rest of the world, if washington could just get out of the way. charlie, norah? >> anthony mason thank you. >>> in the international press institute reports that 132 journalists were killed around the world last year and reporting on the war in syria is especially dangerous for westerners. more than two months ago american freelance correspondent james foley was abducted by armed gunmen and hasn't been heard from since. he's a friend of o
Jan 24, 2013 6:00am EST
cameron speaking this morning. does that have any impact on your business? >> it does in a way. because u.s./eu trade is the one trade agreement that the u.s. has not done. that the europeans desperately need to get done. >> right. so the uk being part of that yes or no i would venture to say our government is going to have a lot to stay about the uk staying part of the eu i think as has been indicated. >> did you catch any of the comments about tax avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your question, i'm billish. and i think it's a game changer. and i think it is probably the story of global economic recovery if handled right. and frankly, the beneficiaries of that will be the u.s
Jan 22, 2013 9:00am EST
a departure from the e.u. reme we ng about that, but some kind of modification. they have more financial transactions to tax than anybody else in europe. i mean, france and germany can say they have no problem with it. that's because they don't have that many of them. so that's why. >> you know, michelle, the big story may be whether or not "downtown abbey's" finances are being mismanaged. >> if they reduce the number of seasons because of that, that would be terrible. >> i knew that would get you. thank you, michelle. >>> let's get a check on energy and commodities. >> hey, from europe to asia, we're looking at japan as a key driver in the commodities markets today. of course the bank of japan stimulus plans, something that's helping many commodities including gold and the fact we may see inflation down the road for gold. and we're finding them above the 16 90 level. it looks like it could be a doubtful case for gold to continue its gold run. that something that citi is looking at its inability to sustain above the $1,800 level. that may weigh on the bullish case for gold. that's accord
Jan 23, 2013 9:00am EST
cameron vowing a referendum on whether britain remains in the eu. in japan, longest losing streak in two months. china awaits data, that's out tonight. the road map in the u.s. starts off at the golden arches. u.s. same-store sales up 9% for mcdonald's, helped by the dollar menu and mcrib. >> ibm and google surging premarket. google gets its price target raised by six firms this morning on better than expected earnings. >> coach getting pummeled this morning, blaming its big earnings miss on weakness in north america during the holidays. it says it is transforming itself into a lifestyle brand. >> apple's results tonight after the bell. could this be the quarter that marks the bottom on the stock. will tim cook talk about the next omg product in the pipeline. >>> we'll start with mcdonald's. it earned 1.38 nds the fourth quarter, it exceeded estimates. ceo don thompson said for the near term, mcdonald's expects top and bottom line growth to remain under pressure with january global comp sales expected to be negative. jim, it's come a long way since the mid-80s here. still pressure on mar
Jan 31, 2013 6:00am EST
versus the dollar. and you can see right now, the dollar is stronger against the eu euro. gold prices are down by about 6.30, $1675.30 an ounce. right now, let's get to the global markets report. ross westgate is standing by in london. good morning. we haven't seen you in quite a while. you have a lot of red behind you this morning. >> we have, indeed, becky. i saw andrew more recently than i've seen you over there in davos. yeah, look, we are down. you can see decleaners outpacing the decliners. we're down at the session low. down around .0. the spanish market down 1.5%. that's down to bank stocks. they're all off heavily because of santander. santander is europe's largest lender in the eurozone. stock off 2.3% today. there's 2012 net profit more than halved hurt by big losses in real estate, write-downs and property assets. also key growth spots as latin america down, as well. they're setting aside another 18 billion or 19 billion euros for provisions in 2012. they said they may still sell some more addette az. there's a lot of restructuring going on, as well. the market has been fo
Jan 28, 2013 12:00pm EST
. -- that our current immigration system is not working effectively, indeed is 235eu8ing 0en 00 -- indeed is failing ton a daily basis cannot be denied. it needs to be fixed. it is a challenge for us to do so and will not be easy. i would, however, warn my colleagues that a framework is not a bill. and in 2006 and 2007 with the full support of the republican president of the united states, a bipartisan committee announced with great confidence that they had a plan that was going to fix our immigration system and we were all just going to line upped and vote for it much the masters of the universe had decided -- they'd meat in secret, they had all the special interest groups gather and they had worked out a plan that was going to change our immigration system for the better and we should all be most grateful. it came up with 2006, it did not pass. it came back again in 2007 with even more emphasis, and it failed coul loss -- and it failed colossally. it did not do it what they said it would do. it did not end the illegality. it did not set forth a proper principle of immigration for amer
Search Results 0 to 29 of about 30 (some duplicates have been removed)